Village Approves Amended TID 10 Deal With Developer | Menomonee Falls village | SCHWER, PFLICHT & WERKZEUG PROPERTIES LLC

Scope & details

The full contract record, as filed.

Contract amount

Municipal Revenue Obligation equal to 70% of the TID 10 Tax Increment generated by parcel MNFV0052992021 annually through 2037; $140,000 prepayment for Naming Rights Agreement

Contract type

OTHER

Contract term

February 16, 2026 – October 31, 2037 (for MRO); lump-sum naming rights prepayment within 30 days of agreement

Renewal date

2037-10-31

Renewal

MRO payments continue annually through 2037 or until TID 10 is terminated or the MRO is fully paid; naming rights sponsorship prepayment due in full within 30 days. Agreement may be amended in writing per Section 14.2.

Document type

Agenda

Source document

Village of Menomonee Falls General Government Committee Meeting Agenda February 2026

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Village of Menomonee Falls AgendaPacket Board of Trustees Meeting 2026-09-21

AMENDED

Menomonee Falls village, WisconsinSep 21, 2026

Village of Menomonee Falls General Government Committee Agenda Feb 2026

PENDING

Menomonee Falls village, WisconsinFeb 16, 2026

Village of Menomonee Falls General Government Committee Meeting Agenda February 2026

APPROVED

Menomonee Falls village, WisconsinPurchase price for VProperty: $1.00; Municipal Revenue Obligation equal to 80% of the TID 19 Tax Increment generated by specified parcels annually through 2046 (estimated increment $32.8 million over 20 years)Feb 16, 2026

Village of Menomonee Falls Agreement Amended and Restated Tax Incremental District Development Agreement for TID No. 10 2026-02-16

AMENDED

Menomonee Falls village, WisconsinMunicipal revenue obligation equal to 70% of the TID 10 Tax Increment attributable to the Project; $140,000 prepayment of amounts due under the Naming Rights AgreementFeb 16, 2026

Village of Menomonee Falls Agreement Tax Incremental District Development Agreement for TID No. 19 2026-02-16

APPROVED

Menomonee Falls village, Wisconsin$1.00 purchase price for the VProperty; Village incentives include a municipal revenue obligation equal to 80% of the Tax Increment attributable to the Project and PropertyFeb 16, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Menomonee Falls village?

Schwer, Pflicht & Werkzeug Properties Llc was awarded this government contract by Menomonee Falls village, as recorded on February 16, 2026. The contract value is Municipal Revenue Obligation equal to 70% of the TID 10 Tax Increment generated by parcel MNFV0052992021 annually through 2037; $140,000 prepayment for Naming Rights Agreement.

How much is the Schwer, Pflicht & Werkzeug Properties Llc contract with Menomonee Falls village worth?

The Schwer, Pflicht & Werkzeug Properties Llc contract with Menomonee Falls village is valued at Municipal Revenue Obligation equal to 70% of the TID 10 Tax Increment generated by parcel MNFV0052992021 annually through 2037; $140,000 prepayment for Naming Rights Agreement.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Village of Menomonee Falls General Government Committee Meeting Agenda February 2026 (Agenda), dated February 16, 2026 from Menomonee Falls village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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